Tel Aviv: More expensive than NYC
Photo: Moti Kimchi

Tokyo named world's most expensive city

Mercer group's Worldwide Cost of Living Survey for 2012 names Japanese capital most expensive city to live in. New York City ranks 33 and Tel Aviv ranks 31

Tokyo is the most expensive city in the world, the Mercer group's Worldwide Cost of Living Survey for 2012, published this week indicated.


The world's second-most expensive metropolis is Luanda, Angola; followed by Osaka, Moscow and Geneva.


Most expensive: Tokyo (Photo: Shutterstock)
Most expensive: Tokyo (Photo: Shutterstock)

The survey covers 214 cities across five continents and was based on the comparative cost of over 200 items in each location, including transport, food, clothing, housing and household goods and entertainment.


Mercer's survey is considered the world's most comprehensive cost-of-living analysis of its kind; and uses New York as the base city for comparison, with the US dollar as its benchmark currency.


Ranking cities in the Middle East, Mercer ranked Tel Aviv the most expensive city in the region, and the 31st most expensive in the world, despite dropping seven places since 2011.


New York: Not as expensive as Tel Aviv (Photo: AP)
New York: Not as expensive as Tel Aviv (Photo: AP)

Lebanon's Beirut ranked 67 and among the Persian Gulf cities, Abu Dhabi ranked 76 and Jeddah, Saudi Arabia ranked 186 – and the least expensive city in the region.


"On the whole, most Middle Eastern cities have dropped in the ranking, mainly because price increases on goods and services have been more moderate here than in our benchmark city, New York,” Nathalie Constantin-Métral of Mercer said.


Among the US cities included in the survey New York City ranked 33, followed by Los Angeles (68), San Francisco (90), Washington (107) and Miami and Chicago (110).


Canada's Toronto ranked 61, closely followed by Vancouver (63), Montréal (87) and Calgary (92).


The survey noted that for the most part, all major European cities have dropped in the rankings, a fact attributed to the recent years' credit crunch and the current euro-zone crisis.


Oslo: Most expensive city in Europe (Photo: Open Index)
Oslo: Most expensive city in Europe (Photo: Open Index)

Norway's Oslo topped the European cities' list at 18, while London ranked 25. Paris and St. Petersburg were named the world's 37th most expensive cities, followed by Milan (38), Rome (42), Stockholm (46), Vienna (48), Amsterdam (57), Helsinki (65), Prague (69), Brussels (71) and Dublin (72).


Skopje, in Macedonia, in Europe's least expensive city, ranking at 207.


Sydney, Australia, is the world's 11th most expensive city.


Over in Africa, the survey ranked Ndjamena, Chad, in eighth place, followed by Gabon (20) and Khartoum and Sudan (26). In South Africa, Johannesburg ranked 154, followed by Cape Town at the 179th place.


Mercer's segmentation of Indian cities ranked New Delhi at 113, followed by Mumbai at 114. Elsewhere in Asia, Jakarta ranked at 61, followed by Bangkok (81), Kuala Lumpur (102), Hanoi (136) and Karachi at the 214 place.



פרסום ראשון: 06.16.12, 09:24
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